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The global zeolite market reached a volume of 2.04 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach a volume of 2.39 Million Tons by 2027, exhibiting at a CAGR of 2.58% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Zeolites are solid minerals made using silicon, oxygen, and aluminum, which form a framework of cavities to hold water or other small molecules. They are three-dimensional crystalline structures with gaps that are either mined from the volcanic rocks or synthesized industrially on a large scale from aluminosilicate gels. They have interconnected channels of distinct sizes and shapes due to diverse crystal structures and chemical compositions. At present, they find extensive applications in the refinery, biogas, construction, detergents, agriculture, medical, and nuclear industries across the globe.
Zeolite Market Trends:
At present, there is a rise in the utilization of zeolites in the detergent industry as a substitute for phosphates due to their water softening properties. This, along with their increasing employment in the petrochemical industry as a catalyst for accelerating chemical reactions, represents one of the key factors driving the market. Moreover, there is a rise in the usage of zeolites in the production of high-quality transportation fuels and chemical products on account of their stability, cleansing ability, and superior activity. This, coupled with stringent regulations implemented by governments of several countries to use cleaner fuels is propelling the growth of the market. In addition, the rising employment of zeolites in the water treatment industry to adsorb various materials in drying, purifying, and separating processes is positively influencing the market. Besides this, the growing usage of zeolites in fertilizers and soil amendment procedures due to their high ion exchange and water retention capacity is catalyzing the demand for zeolites around the world.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global zeolite market report, along with forecasts for growth at the global and regional level from 2021-2026. Our report has categorized the market based on type and application.
Breakup by Type:
Synthetic zeolites dominate the market due to their increasing utilization as catalysts or ultrafine filters in various industries.
Breakup by Application:
Catalyst holds the largest market share, which is attributed to the rising utilization of zeolites in fluid catalytic cracking (FCC) and hydrocarbon cracking (HC).
Breakup by Region:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Arkema Group, BASF Group, Honeywell International Inc., Tosoh Corporation and Zeochem Group.
Key Questions Answered in This Report:
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